why hire an attorney for commercial real estate

What can a commercial real estate attorney do?

A commercial real estate attorney can help enforce your rights as outlined in a lease through negotiation or litigation.

Why do you need an attorney for a commercial building?

If you’re buying a commercial building for your company, hiring an attorney can protect your interests by making sure the contract is fair. A real estate attorney can also protect you from potential issues by negotiating the procedures that will occur if the deal falls through, or if hidden environmental issues or structural problems should emerge after the closing.

What happens if the government takes commercial property for public use?

Eminent Domain. If the government is trying to take commercial property for public use, the property owner could lose ownership. Property rights vary by state, so an attorney can be a valuable asset.

What is a lease agreement?

Lease agreements outline terms such as rent, start date, and renewal details. Owners and potential tenants benefit from hiring their own attorney to review the details of the lease.

What can an attorney do for a business?

An attorney can keep you up-to-date on the legalities and terms, advise you of potential problems that may arise in the negotiation and purchase process, and help you obtain the best possible purchase terms in order to support your business goals.

What to do if you are considering buying a property?

If you’re considering buying a piece of property, but you’re worried the price is too good to be true, an attorney can investigate on your behalf. For example, an affordably-priced office building may seem like a great deal, but what if it has $100,000 worth of tax debt? An attorney can research a building or property, check for liens or other issues, and help you avoid making a bad decision.

Why do you need a realtor?

Real estate attorneys work to protect individuals and companies from financial pitfalls when buying or selling property . Most home buyers rely on a realtor to ensure the legal details of the contract are handled by a reputable attorney. Business owners, on the other hand, should make it a priority to carefully select an experienced commercial real ...

Why hire a commercial real estate lawyer?

A real estate lawyer is responsible for the whole process from buying to selling the property at an appropriate time. They have all the rights over the property and will handle the situation from the beginning in a favourable way for the seller. They will certainly reduce the concern about ...

How do commercial real estate lawyers help businesses?

How Commercial Real Estate Lawyers Help Businesses? A commercial real estate needs complete data of business and real estate law and transactions and economic and tax issues to be dealt with. A lawyer can keep up all the data and make a clear move when the time comes with the dealing of the property.

What happens when the government takes property from the holder?

When the government takes the property from the holder for public use, the owner may lose the holding of the property. In such cases, lawyers play an important role and deal with it properly. Real estate transactions need title insurance. With the help of a lawyer, we can come up with the best deals and promotions.

What can a lawyer do for a buyer?

The lawyer can study the documents and contract agreements phrased by the builders and they can help the buyers by making them understand the process and so their rights are preserved.

What do you need to know before buying a property?

They understand the zoning laws and types of development alternatives which makes it easier to find a buyer when we are interested in selling it.

What is a real estate lawyer?

Real estate lawyers are those who conserve and protect the individuals or the company’s legal matters when buying or selling a property.

Do business owners have time to look at the whole process of buying or selling a property?

Most business owners don’t have enough time to look into the whole process of buying or selling a property. They just have time to take a glimpse at the procedure. To overcome this situation they usually hire a real estate lawyer to take care of the entire system of transactions and investment.

What is zoning attorney?

The attorney is an expert at zoning laws and can explain them to you and make recommendations on how to resolve zoning issues and problems.

What are commercial zoning laws?

Commercial zoning laws pertain to commercial properties including office buildings, industrial and warehouses, retail and shopping center and mixed use properties. Apartment, townhouse and condominium zoning laws are generally covered under residential zoning laws. As part of your contract negotiations, you should include a contract contingency that the purchase of the property is contingent upon you obtaining rezoning or a zoning variance for the property. If you are unable to get the property rezoned or obtain a variance, you will be able to cancel the contract, and find another property that meets your needs.